GDS Holdings Ltd
GDS Holdings Ltd (GDS) Stock News
The latest GDS headlines and market coverage — 4 recent stories, updated throughout the day.
- Benzinga·
GDS Plans To Spend Up To 50B Yuan As AI Data Center Demand Booms
China's largest independent data center operator said it plans to spend between 30 billion yuan and 50 billion yuan on new facilities over the next three years image credit: Bamboo Works Key Takeaways: GDS logged a record 200 MW in new bookings during the first quarter, fueled by booming demand from customers developing and operating AI applications The company sustained steady double-digit growth for most of its major metrics in the quarter, as its cash reserves doubled following a series of fundraisings As the AI explosion accelerates, some of the best-positioned companies to capitalize from the boom are ones that can not only generate revenue from the business, but also possesses the financial capacity to develop the technology and supporting infrastructure. That financial strength and strategic capital deployment were key highlights in the first-quarter financial report for GDS Holdings Ltd. (NASDAQ: GDS ) ( 9698.HK), released on May 20, which showcased the company's strong and diversified capital structure to support its capital-intensive data center expansion. The report showed the company, China's largest independent data center (IDC) operator, is using its financial resources to aggressively add new capacity to tap booming demand from clients running AI applications. Such applications consume huge amounts of computing power and electricity, which data centers excel at providing. Its latest report showed GDS' core business continues to grow at double-digit rates. Reflecting that, the company said it expects its revenue will grow to between 12.4 billion yuan ($1.83 billion) and 12.9 billion yuan this year, up about 11% at the midpoint from the 11.4 billion yuan it reported a year earlier. The company is building momentum based on booming new orders from China's largest tech companies racing to set up and operate powerful AI applications.
- Benzinga·
GDS Stock Falls Despite Q1 Beat As Guidance Trails Estimates
GDS Holdings reported strong Q1 2026 results with revenue of $488.1M (23.6% YoY growth) and EPS of $1.53, both exceeding expectations. The company achieved record quarterly bookings of 200MW driven by AI data center demand. However, shares fell 6.41% as management reiterated full-year 2026 guidance of $1.749-$1.819B in revenue, below the consensus estimate of $1.90B.
- Benzinga·
GDS Stock Falls Despite Q1 Beat As Guidance Trails Estimates
GDS Holdings Ltd. (NASDAQ: GDS ) shares are trading lower on Wednesday after the company reported first-quarter results and reiterated below-consensus guidance. Details Net revenue rose 23.6% year over year (Y/Y) to 3.37 billion yuan. In U.S. dollar terms, revenue came in at $488.1 million, above expectations of $440.7 million. Earnings per American depositary share were 10.58 yuan, compared with 3.47 yuan in the year-ago quarter. In U.S. dollar terms, EPS of $1.53, exceeded the $1.06 consensus estimate. The company reported a strong rebound in data center demand driven by AI, with total bookings reaching 1.8 gigawatts as of Q1 2026. CEO William Huang said the company recorded net new bookings of around 200MW. That’s “the highest level ever” for a single quarter. Adjusted gross profit increased 34.1% Y/Y to 1.95 billion yuan, and the margin rose to 58.0% from 53.4% a year earlier. Adjusted EBITDA increased 47.2% Y/Y to 1.95 billion yuan. Also, margins ... Full story available on Benzinga.com
- Benzinga·
GDS Holdings Limited Reports First Quarter 2026 Results
<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">SHANGHAI, China, May 20, 2026 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/GDS" rel="nofollow">GDS</a>, HKEX: 9698)), a leading developer and operator of high-performance data centers in China, today announced its unaudited financial results for the first quarter ended March 31, 2026.</p> <p><strong><em>F</em></strong><strong><em>irst</em></strong><strong><em> Quarter 202</em></strong><strong><em>6</em></strong><strong><em> Financial Highlights</em></strong></p> <ul type="disc"> <li style="text-align:justify;">Net revenue increased by 23.6% year-over-year ("Y-o-Y") to RMB3,367.1 million (US$488.1 million) in the first quarter of 2026 (1Q2025: RMB2,723.2 million). Net revenue excluding some one-time items was RMB2,938.0 million (US$425.9 million), an increase of 7.9% Y-o-Y.</li> <li style="text-align:justify;">Net income increased by 247.1% Y-o-Y to RMB2,652.1 million (US$384.5 million) in the first quarter of 2026 (1Q2025: RMB764.1 million).</li> <li style="text-align:justify;">Net income margin was 78.8% in the first quarter of 2026 (1Q2025: 28.1%).</li> <li style="text-align:justify;">Adjusted EBITDA (non-GAAP) increased by 47.2% Y-o-Y to RMB1,948.7 million (US$282.5 million) in the first quarter of 2026 (1Q2025: RMB1,323.8 million). Adjusted EBITDA (non-GAAP) excluding some one-time items